This paper analyzes the behavior of current account deficits in Africa and estimates whether the deficits are excessive with respect to fundamentals. The findings are the deficits are (i) not very persistent; (ii)...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
August
1996

ISBN: 9781451850703

This paper compares the evolution of the Australian current account balance over the period 1954&#x2013;94 against an optimal current account derived from a consumption-smoothing model. The findings indicate that t...

Series: IMF Working Papers

Author(s):
Benedict Clements
, and
Herman Kamil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
February
2009

ISBN: 9781451871777

This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and exchange rate dynamics. The results suggest that the controls were successful in reducing external borrowing, but...

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
18
July
1997

ISBN: 9781557756374

Since the beginning of the 1990s, current account imbalances in a number of the countries of the Association of South East Asian Nations (ASEAN) have widened considerably, generating concern in some quarters...

Publication Date:
01
March
2012

ISBN: 9781463938444

This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specification...

This first issue of IMF Staff Papers for 2005 contains 7 papers that discuss: whether output recovered after the Asian crisis; the value of a country's trading partners to its own economic growth; whether interdepe...

The role of remittances in development and economic growth is not well understood. This is partly because the literatures on the causes and effects of remittances remain separate. We develop a framework that links...

Employing a dynamic panel regression, this study estimates the medium-term current account position for three subgroups of emerging market and developing countries with shared economic characteristics. The fundamen...